There’s enough negative press out there about Reverse Mortgages, here’s some good news where a Reverse Mortgage Saves Senior from Foreclosure. One of the greatest features of a government insured HECM mortgage is its’ ability to help a senior save their home from the fate of foreclosure.
I recently had a customer who lost her husband to cancer. She also lost his income and was horrified to find out that their life insurance policy had been canceled. She was left in a situation where she was unable to pay her mortgage and other household expenses.
After countless attempts to modify her loan, she faced (6 comments)